The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), China’s quality watchdog, said it has lifted a suspension on chilled/frozen beef imports from six Australian plants. These, including two with JBS Australia, were temporarily banned due to label non-compliance.
Before that, the six plants took about 30% of Australia’s beef exports to China, and accounted for around 60% of China’s grain-fed beef market, according to MIG Research, a Hong Kong-based beef trade consultancy. “The latest move is expected to curb the rising prices of grain-fed beef products in China,” said the consultancy.